Published: 2025-05-07T12:52:29.000Z
Chart EUR/PLN Update: Range extension - near-term studies edging higher
Senior Technical Strategist
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Still little change
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.3275 | * | break level | S1 | 4.2650 | * | range lows | |
| R3 | 4.3175 | ** | 76.4% ret of Nov-Feb fall | S2 | 4.2500 | congestion lows | ||
| R2 | 4.3000 | * | break level | S3 | 4.2200/55 | * | break level; 9 Apr (w) low | |
| R1 | 4.2800 | ** | congestion | S4 | 4.2000 | ** | break level |
Asterisk denotes strength of level
13:35 BST - Still little change, as prices extend consolidation within the 4.2650 - 4.2800 range. Intraday studies have ticked higher and daily stochastics are also rising, highlighting room for a test above congestion resistance at 4.2800. However, the bearish daily Tension Indicator and a tick lower in overbought weekly stochastics are expected to limit initial scope in renewed selling interest towards 4.3000. Meanwhile, a break below 4.2650 will open up congestion around 4.2500, where fresh buying interest is expected to appear.